lower of cost or market inventory

Ch 7-3 Exercises & Problems 1. EX.07-15 ALGO Lower-of-Cost-or-Market Inventory 2. EX.07-03.ALGO 3. EX.07-04.ALGO On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9. 4. EX.07-08 5. EX.07-13.ALGO 6. EX.07-18.ALGO Inventory Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Birch $154 Cypress 275 $133 292 205 176 Mountain Ash 212 Spruce Willow Inventory at the Lower of Cost or Market Total Cost Total Market Total Lower of C or M Inventory Item Birch Cypress Mountain Ash Spruce Willow Total